In the face of economic uncertainty and tough market conditions, Irene Barnaby of Compass accomplished one of her best years throughout her thriving real estate career, which confirmed her reputation as one of Downtown Jersey City’s top brokers.
Following a successful 2022, Irene sold an incredible $59.4 million worth of property with over 67 transactions during 2023. After being immersed in the Jersey City market for nearly two decades, Irene has cultivated a proven track record with her total sales exceeding $650 million, along with more than 1000 transactions. Building upon her well-deserved reputation, Irene assisted numerous clients – buyers, sellers, investors and developers – in fulfilling their real estate goals during 2023 and is poised to continue this form in 2024.
As a Licensed Broker-Salesperson, Irene strives to provide clients with an unsurpassed real estate experience. While interest rates hovered around 8% and market conditions were volatile throughout 2023, Irene drew upon her in-depth real estate experience and comprehensive local market knowledge, along with her academic background in international business and economics, to assist her clients in obtaining the best possible outcome.
She analyzed the latest market information, economic outlooks, and data-driven insights so clients could make informed choices when bringing their property to market or undertaking purchases. Her proficiency in handling complex transactions distinguishes her within the local market and inspires confidence in clients, many who seek Irene’s expertise again when they require a broker for future transactions.
The only guarantee in real state is constant change and Irene rose to the challenge during the sales period for 338 Newark Avenue, a new-build condominium building situated in Jersey City’s Village West neighborhood. The property’s residences hit the market as mortgage interest rates doubled, which lead to Irene utilizing creative incentives, such as 2-1 mortgage rate buy downs, to encourage buyers to secure their dream home at 338 Newark Avenue. As the exclusive listing agent for the building, Irene sold 34 of the 35 condominiums, with her clients impressed by her incomparable knowledge, professionalism, and negotiation skills during the transactions.
Irene’s dedication to helping her clients achieve the best possible outcome for their property was also highlighted through her record-breaking sale price for 310 9th Street. The property sold for $2,275,000, making it one of the highest prices for a non-historic home in the Hamilton Park neighborhood of Downtown Jersey City.
Irene’s extensive promotion of the property and showcasing of its unique features led to 23 showings and 2 offers within 21 days of the home being listed. The record sale price was influenced by Irene leveraging her local contacts – professional stagers, painters, handymen, and even a hot tub specialist – and accompanying the seller to find the best plants for the backyard and rooftop to help buyers envision the property’s full potential.
The ability to empower buyers and sellers through clear communication and trust contributes to Irene’s ongoing success. Her talent of rapidly adapting to changing market conditions and being flexible throughout the real estate journey ensures she is well positioned to support her clients. Irene’s commitment to helping her clients is further emphasized through her Certified Luxury Home Marketing Specialist (CLHMS) and Accredited Buyer Representative (ABR) designations, along with many accolades like her New Jersey Association of Realtors Circle of Excellence-Platinum Level. Irene’s dedication to her clients was even highlighted by Apple News during 2023, with articles showcasing her expertise and describing her as a “beacon of excellence in real estate”.
In addition to the successes in her professional life throughout 2023, Irene has also enjoyed a remarkable year in her personal life. From hosting a Ukrainian refugee family, spending quality time with family and friends, to preparing for her ski wedding in Utah in 2024, Irene has mastered the art of work-life balance. Her PATH billboard in Jersey City led to numerous clients, colleagues, family, and friends sending her photos of the billboard, cementing her recognition as the local, go-to broker in Downtown Jersey City.
With 2023 drawing to a close, Irene would like to extend her gratitude to her wonderful clients and wishes everyone all the best for the new year. 2024 is forecast to be an eventful year, both in the real estate industry and wider markets, and Irene hopes everyone stays safe and takes care of one another.
For more information on how Irene can support you throughout your real estate journey and help you achieve your real estate goals in 2024, please contact her at 973-885-3961 or [email protected].
